Crypto exchange Huobi announced on February 28th that it was joining the BitTorrent Chain (BTTC) ecosystem and ‘support the development of a layer 2 network based on BTTC to promote the creation and improvement of an on-chain open financial system.’
In addition, Huobi will further promote the decentralized ecosystem of the BTTC chain and enhance its use on the exchange. The team at Huobi added:
Huobi has more than 50 million users all over the world, with over $100 trillion in cumulative assets traded. Exchanges, as the largest traffic node aggregating crypto users, will enable developers to serve the massive number of verified users and link huge amounts of virtual assets.
According to a report released by Huobi Research Institute at the end of 2022, global crypto users have reached 320 million, and Huobi will potentially provide virtual asset trading services to hundreds of millions or even billions of users worldwide through BTTC L2.
BitTorrent Chain Plans to Implement Zero-Knowledge Proof Technology
BTTC is a layer 2 solution for Ethereum, TRON and the BNB Chain. It was launched in December 2021 and plans on introducing Zero-knowledge proof (ZK) technology to ‘enable users to develop decentralized applications anywhere as well as to provide a secure, low-cost, and fast development environment for DApps, creating an on-chain open ecosystem accessible to all.’
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